Edwin Carlson, CEO of Bitsmart based in USA participates in Risk Roundup to discuss “Smart Lending”. Overview As we watch technology disrupt nations: its government, industries, organizations and academia (NGIOA), we also see how it is transforming how we, the humans, do things in a digital global age. One of the fundamental elements of human lives, the way we borrow and repay loans i.e. money, is on its way to fundamental transformation. For years, lenders have employed relatively static, tedious and highly complex lending models that lacked focus on consumer interest, experience, preferences or priorities. But today lenders find themselves challenged on all sides of innovations by innovators that are not only customer friendly but also seeking to disrupt their traditional model of lending and its associated processes and businesses. From crowdfunding to peer-to-peer lenders, the internet, e-commerce and technology has brought transformative opportunities for lending profession and sector. At the center seems to be artificial intelligence based new software algorithms that price and rate individual as well as business credit. Moreover,thanks to digitalization, paperless, that is digital processing, seems to have eliminated the slow and tedious pushing of paper between retailer, borrower and lender. Lending industry seems to have reached a point where simple and seamless financing applications offer loan approval and transparent pricing and terms, right on the spot, within minutes. In short “lending” is becoming “smart”! * So, what does “smart lending” mean for individuals and entities across nations: its government, industries, organizations and academia (NGIOA) * How is financial technology transforming lending industry? * How is lending today different than before internet and technology? (before AI, big data, blockchain and more) * How is big data re-shaping the lending processes? * How important is paperless documentation to today’s customer, lenders and lending process? * Why is it so important for today’s lenders to be so customer focused and take the burden away from consumers or borrowers? * How is real-time processing capability re-shaping the lending and borrowing? * How many data points are necessary to make a lending decision?